💥💥UPDATE!!💥💥
Once again, #Pepe got a strong support from the 1430 area.
But, it is rejected for the second time at the most critical resistance line 1565.
A double top can be seen now clearly which indicates for further down movement.
The question is will it drop below the resistance line?
Well, to answer this question there are several factors.
1-We started the weekend in which the market seem to avoid recording any significant bull movement
2-To exceed through the resistance line after forming double top, the coin has to be supported for the third time OR to break the support line BUT don't take it as a resistance line.
If you are in a profit, it is better to close your Long position or sell your coins if you are trading spot
If you want to get in and trade, it is better here to open SHORT and take profit at (1430-1483), but don't forget your SL as if the whales changed the analysis' equation, you won't be flushed out
Remember: Always do your own research
